China say it could tighten property controls

China could increase required downpayments and loan rates for buyers of second homes in cities where prices are rising too quickly, the State Council said on Friday in the central government’s latest move to contain housing costs.

Local governments must set home price control targets in the first quarter, the central government said in a statement on its website.

via Business feed http://www.scmp.com/news/china/article/1166906/china-say-it-could-tighten-property-controls